Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.


Texas City Hosts Its First Supertanker as U.S. Crude Gushes Out

Bloomberg | April 27, 2018 | Energy | International Trade | Maritime | Bulk

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Federal financial interventions and subsidies in U.S. energy markets declined since 2013

AJOT | April 26, 2018 | Energy

EIA has updated its report on federal financial interventions and subsidies in energy markets, covering the 2016 U.S. government fiscal year (FY). Subsidies for many energy categories have declined since FY 2013, when spending related to the American Recovery and Reinvestment Act of 2009 was at or near its highest levels.

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Crowley, PowerSecure to Develop LNG Microgrids for Resilient, Dependable Power Supplies

AJOT | April 25, 2018 | Energy | Maritime | Liner Shipping

Crowley FUELS and PowerSecure, a Southern Company subsidiary, have formed an alliance to develop and deploy microgrid solutions incorporating liquefied natural gas (LNG), renewables and storage to provide greater reliability and resiliency to customers and economies throughout the Caribbean and Central America.

MOL Crude Oil Tanker Rescues a Castaway

AJOT | April 23, 2018 | Energy | Maritime | Bulk

Panama Canal Sets New Milestone, Transits Three LNG Vessels in One Day
Energy
AJOT | Top Story | April 20, 2018

Panama Canal Sets New Milestone, Transits Three LNG Vessels in One Day

The Panama Canal Administration announces that it successfully transited three LNG vessels through its Neopanamax locks on April 17, 2018, marking a first for the waterway.
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U.S. Oil Rush Spurs `Triangle’ Trade as Output, Exports Soar

Bloomberg | April 20, 2018 | Energy | International Trade

Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude.

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U.S. coal exports increased by 61% in 2017 as exports to Asia more than doubled

AJOT | April 19, 2018 | Energy | Maritime | Bulk

The United States exported 97.0 million short tons (MMst) of coal in 2017, a 61% (36.7 MMst) increase from the 2016 level. Exports to Asia more than doubled from 15.7 MMst in 2016 to 32.8 MMst in 2017, although Europe continues to be the largest recipient of U.S. coal exports.

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Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Orchid, Next-Generation LNG Carrier

AJOT | April 19, 2018 | Energy | Maritime | Bulk

The ship, named "Diamond Gas Orchid," is the first "Sayaringo STaGE" type vessel, Mitsubishi Shipbuilding's newest carrier that achieves significant improvements in both LNG carrying capacity and fuel performance thanks to a more efficient hull structure and an innovative hybrid propulsion system.

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Gemini Motor Transport Wins 2018 North American Safety Champion Award

AJOT | April 19, 2018 | Energy | Intermodal | Trucking

National Tank Truck Carriers, Inc. Presents Top Honor to Love’s Travel Stops’ Fuel-Hauling Fleet

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The U.S. is an active participant in petroleum markets as both an importer and exporter

AJOT | April 18, 2018 | Energy | International Trade

Crude oil imports have decreased in recent years as U.S. crude oil production has increased. After averaging a record high of 10.1 million b/d in 2005, crude oil imports fell by 2.8 million b/d to an average of 7.3 million b/d in 2014. Since then, crude oil imports have increased slightly, most recently averaging 7.9 million b/d in 2017.

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Crowley completes acquisition of three SeaRiver tankers

AJOT | April 18, 2018 | Energy | Maritime | Bulk

Crowley Alaska Tankers, LLC, announced today that it has completed the acquisition of three tankers from SeaRiver Maritime Inc., and is now chartering them back to SeaRiver under varying multi-year terms.

Alberta Plan to Cut Oil Shipments Would Ripple Across West Coast

Bloomberg | April 16, 2018 | Energy | International Trade

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AET Tankers and Shell enter into time charter arrangements for two LNG fuelled Aframax tankers

AJOT | April 13, 2018 | Energy | Maritime | Bulk

In London, AET Inc. Limited and Shell International Trading and Shipping Company Limited formalised arrangements for the long-term charter of AET's two newbuild LNG dual-fuelled Aframax tankers.

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Summer gasoline prices expected to be highest in four years

AJOT | April 12, 2018 | Energy

EIA projects that monthly average gasoline prices will reach a peak of $2.79/gal in May before falling to $2.65/gal in September. Gasoline prices are often higher in summer months when gasoline demand is higher. In these months, federal and state environmental regulations require the use of summer-grade gasoline, which is more expensive to manufacture. For all of 2018, EIA forecasts U.S. regular gasoline prices to average $2.64/gal.

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U.S. Gulf of Mexico crude oil production to continue at record highs through 2019

AJOT | April 11, 2018 | Energy

U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total U.S. crude oil production in each year.

Trans Mountain or No, Alberta Has Some Oil Shipping Alternatives

Bloomberg | April 10, 2018 | Energy | Intermodal | Rail

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By some measures, U.S. natural gas production set a record in 2017

AJOT | April 10, 2018 | Energy

Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report.

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About 7% of fossil fuels are consumed for non-combustion use in the United States

AJOT | April 06, 2018 | Energy

While most fossil fuels in the United States are burned, or combusted, to produce heat and power, EIA estimates that the equivalent of about 5.5 quadrillion British thermal units of fossil fuels were consumed for non-combustion purposes in the United States in 2017. Over the past decade, non-combustion consumption of fossil fuels has typically accounted for about 7% of total fossil fuel consumption and about 6% of total energy consumption in the United States.

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